CMP compumedics limited

Ann: Business Update - 30 June 2023, page-2

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    Business Update

    " EBITDA is expected to be in line with guidance provided on 28 Feb, being EBITDA of up to
    $2m on an underlying basis for FY23, before MEG write-downs, booked 31 December, 2022 of $6.9m

    Cash for 30 June, 2023, was about $3.6m and debt about $7.0m, resulting in net debt of
    about $3.4m, subject to audit

    The Company has a solid balance sheet with cash for 30 June at $3.6m, which together
    with unused banking facilities is about $5.0m. This balance, together with expected
    ongoing positive operating cash flows, should be sufficient, now, to meet the businesses
    current and future financing needs. Net debt position is around $3.4m on 30 June 2022 vs
    $2.4m on 31 December 20 "

    Can someone please explain to me how did we get into the position of Net Debt of 3.4 m ?

    Was the Meg just a write-down ( on the books) or does CMP needs to refund Barrow
    Neurological Institute the 6.9m, thank you ( someone ) in advance.

 
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